Chicago, Nov. 26 – NLB dd, Ljubljana issued €120 million 3.65% subordinated tier 2 notes (BB) due Nov. 19, 2029, according to a notice.
The notes will be callable on Nov. 19, 2024.
The order book was in excess of €290 million.
Proceeds will be used for additional capital.
USB Europe SE and NLB organized the transaction.
The bank was last in the international debt markets in 2014.
The bank is based in Ljubljana, Slovenia.
| Issuer: | NLB dd, Ljubljana
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| Issue: | Subordinated tier 2 notes
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| Amount: | €120 million
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| Maturity: | Nov. 19, 2029
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| Bookrunners: | USB Europe SE and NLB
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| Coupon: | 3.65%
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| Call option: | Non-callable for first five years
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| Rating: | S&P: BB
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